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The Overvaluation of Renminbi Undervaluation

Cheung, Yin-Wong - 2007

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A …

Persistent link: https://www.econbiz.de/10012465806

Are Currency Appreciations Contractionary in China?

Shi, Jianhuai - 2006

with the undervaluation of renminbi (RMB). But the Chinese Government hesitates to allow RMB to appreciate because of the …

Persistent link: https://www.econbiz.de/10012466112

On the Renminbi : The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate

Frankel, Jeffrey - 2005

Fixed and flexible exchange rates each have advantages, and a country has the right to choose the regime suited to its circumstances. Nevertheless, several arguments support the view that the de facto dollar peg may now have outlived its usefulness for China. (1) China's economy is on the...

Persistent link: https://www.econbiz.de/10012467410

The Exchange Value of the Renminbi and China's Balance of Trade : An Emp irical Study

Zhang, Zhaoyong - 1996

This paper aims at assessing the relationship between the exchange value of the Chinese Renminbi (RMG) and China …

Persistent link: https://www.econbiz.de/10012473063

A New Financial Order in Asia : Will a RMB bloc emerge?

Ito, Takatoshi - 2016

The objective of this paper is three-fold. First, the monetary and exchange rate regimes of the Asian countries are described and analyzed. The degrees of flexibility in exchange rates and capital controls vary across countries. Some countries have adopted a flexible inflation targeting...

Persistent link: https://www.econbiz.de/10012455925

RMBI or RMBR : Is the Renminbi Destined to Become a Global or Regional Currency?

Eichengreen, Barry - 2015

Previous studies have focused on when the renminbi will play a significant role as an international currency, but less … attention has been paid to where. We fill this gap by contrasting two answers to the question. One is that the renminbi will … financial flows and to its institutional initiatives, not just in Asia but around the world. The other is that the renminbi will …

Persistent link: https://www.econbiz.de/10012456954

The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China

Aizenman, Joshua - 2015

This paper provides an overview of Chinese financial and trade integration in recent decades, and the challenges facing China in the coming years. China had been a prime example of exported growth, benefiting from learning by doing, and by adopting foreign know-how, supported by a complex...

Persistent link: https://www.econbiz.de/10012457723

The Future of International Liquidity and the Role of China

Taylor, Alan M. - 2013

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system …

Persistent link: https://www.econbiz.de/10012459889

The Dollar in an Era of International Retrenchment

Chahrour, Ryan; Valchev, Rosen - National Bureau of Economic Research - 2023

Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each internally integrated, but with significant isolation between the blocs. This paper uses a quantitative theory to explore how far this bifurcation would need to go to pose a threat...

Persistent link: https://www.econbiz.de/10014322792

Internationalizing Like China

Clayton, Christopher; Santos, Amanda dos; Maggiori, Matteo - National Bureau of Economic Research - 2022

We empirically characterize how China is internationalizing the Renminbi by selectively opening up its domestic bond …

Persistent link: https://www.econbiz.de/10013361990